Wednesday, August 21, 2019

Tag: Asia

The Coming War on China

When I first went to Hiroshima in 1967, the shadow on the steps was still there. It was an almost perfect impression of a human being at ease: legs splayed, back bent, one hand by her side as she sat waiting for a bank to open. At a quarter...

Abe looks to bolster U.S.-Japan alliance at next Trump meeting

NEW YORK – Prime Minister Shinzo Abe, who became the first foreign national leader to meet face to face with U.S. President-elect Donald Trump on Thursday, hopes to produce an agreement to strengthen the Japan-U.S. alliance when they meet next time, according to informed sources. To lay the groundwork for...

America’s Russia Policy Has Failed

By any number of measures, Washington’s Russia policy has failed. While ostensibly suffering from diplomatic and economic isolation under a U.S.-led international sanctions regime, Moscow has succeeded in challenging a wide range of American interests, most notably in Ukraine, Syria, and cyberspace. Coming up with a new approach on Russia should therefore be a top priority for either President Hillary Clinton or President Donald Trump soon after Jan. 20, 2017.

Obama: Failure to Pass TPP Benefits Beijing

President Barack Obama on Friday painted the Trans-Pacific Partnership, the massive but faltering trade deal between 12 Pacific nations, as a simple choice: Either the U.S. will write the trade rules in Asia or China will. It’s an argument the president has made before. But this time, he did it...

Obama Unlikely to Vow No First Use of Nuclear Weapons

President Obama, who has weighed ruling out a first use of a nuclear weapon in a conflict, appears likely to abandon the proposal after top national security advisers argued that it could undermine allies and embolden Russia and China, according to several senior administration officials. Mr. Obama considers a reduction...

The Case for Offshore Balancing – A Superior U.S. Grand Strategy

For the first time in recent memory, large numbers of Americans are openly questioning their country’s grand strategy. An April 2016 Pew poll found that 57 percent of Americans agree that the United States should “deal with its own problems and let others deal with theirs the best they...

US energy envoy: North Stream 2 could resurrect cold war divisions

The controversial North Stream 2 gas pipeline project has the potential to resurrect cold war divisions in Europe, US Energy Envoy Amos Hochstein said, before calling for greater competition with Russia’s Gazprom through increased LNG imports. Amos Hochstein is US Special Envoy for International Energy Affairs. He spoke to EurActiv...

SCO alignment of regional cooperation with Belt and Road Initiative – Chinese Commerce Minister

TASHKENT, June 24 (Xinhua) -- The Shanghai Cooperation Organization (SCO) will enter a new phase of aligning regional economic cooperation with fulfillment of the "Belt and Road" initiative, on the basis of great contribution in the past, a senior Chinese official said here Thursday. During the past 15 years since...

Asia markets capitulate as UK votes to leave European Union

Asian stocks cratered, gold prices surged and the dollar briefly plunged below 100 against the yen on Friday as financial markets were rocked by results from the UK referendum on European Union (EU) membership that pointed to a Brexit. The UK voted to leave the EU, a dramatic turn that...

Mapped: Brexit’s Aftermath

After Britain’s vote to leave the EU, stock prices are suffering on major indices around the world. FP surveys the damage. The United Kingdom’s decision to leave the European Union sent world markets spiraling downward Friday. Across the globe, nearly every major stock index turned red. Shockwaves from the so-called Brexit...

Russian Railways develops new freight services for Europe – China route

The creation of necessary conditions for accommodating the growing transport demand on Europe – Asia route represents a priority for transport, said Oleg Belozerov, President of Russian Railways, at the International Conference Railway Business at Transit Speed (Shanghai, China). Russian Railways is actively involved in the integration of Baikal-Amur Railway...

Hillary Clinton’s Project For A New American Century

Here we go again. Earlier this year, some were surprised to see Project For The New American Century (PNAC) co-founder and longtime DC fixture Robert Kagan endorse former Secretary of State Hillary Clinton for president. They shouldn’t have been. As is now clear from a policy paper published last month,...

Russia’s Perpetual Geopolitics

Putin Returns to the Historical Pattern. For half a millennium, Russian foreign policy has been characterized by soaring ambitions that have exceeded the country’s capabilities. Beginning with the reign of Ivan the Terrible in the sixteenth century, Russia managed to expand at an average rate of 50 square miles per...

China’s New Silk Road Into Europe Is About More Than Money

Beijing is spending billions on new ports and rail lines, but its ambitions for Europe are as much about geopolitics as commerce. China is actively building out the European portion of its ambitious new “Silk Road” plan, with port deals from Greece to the Netherlands, railroad investments in Greece, Serbia,...

India Acts East

Washington’s pivot to Asia gets all the attention, but India's pivot east will redefine regional politics. Washington’s Asia rebalance, first articulated by President Barack Obama in a 2011 speech to Australia’s parliament, has received ample attention. India’s envisioned pivot to Asia has garnered far less. Nonetheless, India’s planned pivot is freighted with significance for the country’s economic prospects,...

America’s Continuing Misadventures in the Middle East

A Book Talk at the Carnegie Endowment for International Peace - May 12, 2016 By Ambassador Chas W. Freeman, Jr. (USFS, Ret.) Since the end of the Cold War, we’re had a lot of very instructive experience in the Middle East. Back in 2010, I compiled the real-time analyses I had...

Soros Says China’s Economy Looks Like the U.S. Before the Crisis

Billionaire investor George Soros said China’s debt-fueled economy resembles the U.S. in 2007-08, before credit markets seized up and spurred a global recession. China’s March credit-growth figures should be viewed as a warning sign, Soros said at an Asia Society event in New York on Wednesday. The broadest measure of...

China Railway links Ethiopia to Red Sea

Nothing could be more symbolic of the decline of Europe and the rise of Eurasia than the construction of a modern railway from the Ethiopian capitol of Addis Ababa to a port on the Red Sea in Djibouti. The Rail line is being built by Chinese Civil Engineering Construction...

Dollar Falls to Five-Month Low on Slower Fed Rate Path Outlook

The dollar fell to a five-month low against the euro on speculation the Federal Reserve will take a slower path to higher interest rates as the central bank factors in headwinds from slowing global economic growth. A gauge of the U.S. currency headed for the biggest quarterly loss since 2010...

Oman Gas Projects Could Undermine U.S. LNG Market Ambitions

Two separate projects in the sultanate of Oman are about to turn the tiny Gulf country into an important international liquefied natural gas (LNG) player that the U.S. will have to contend with in its ambition to become the leader of this market. The first one is an agreement with...

Trump questions need for NATO, outlines noninterventionist foreign policy

Donald Trump outlined an unabashadly noninterventionist approach to world affairs Monday, telling The Washington Post's editorial board that he questions the need for the North Atlantic Treaty Organization, which has formed the backbone of Western security policies since the Cold War. The meeting at The Post covered a range of...

LNG Buyers Gaining Increasing Leverage over Sellers in Coming Years

The growing oversupply in LNG export capacity has weighed on prices for the key market in Asia, pushing spot prices down by about two-thirds in less than two years. Excess supplies will likely kill off an array of LNG export terminals that have not yet moved forward with final...

China’s yuan hits 2016 high on strong fixing, global US dollar weakness

SHANGHAI (REUTERS) - China's onshore yuan on Friday (March 11) hit its strongest level against the US dollar in 2016, buoyed by the central bank's firmest midpoint this year and the greenback's slide after the European Central Bank suggested it was done cutting rates for now. Offshore yuan strengthened 0.3...

Global finance faces $9 trillion stress test as dollar soars

The world is more dollarized today that any time in history, and therefore at the mercy of the US Federal Reserve as rates rise. Sitting on the desks of central bank governors and regulators across the world is a scholarly report that spells out the vertiginous scale of global debt...

Møller-Maersk Says Freight Rates to Fall

Danish Shipping and Oil Giant Says Cost Cuts Boost Container Business. Danish shipping and oil conglomerate A.P. Møller-Maersk A/S said Thursday that stringent cost cuts and increased volumes helped boost its container business in the fourth quarter. But the world's biggest container-shipping company warned of unstable freight rates going forward as...

U.S. exports of LNG mark a turning point in the market

The first major U.S. LNG shipment for export launched this week right into an oversupplied global gas market. Experts say the market could stay soft for several years, but even so, this first shipment of U.S. gas, sold by Cheniere, marks what is a new role for the U.S. in...

Asia and the Middle East lead rise in arms imports; the United States and...

Stockholm, The volume of international transfers of major weapons has grown continuously since 2004 and rose by 14 per cent between 2006–10 and 2011–15, according to new data on international arms transfers published today by the Stockholm International Peace Research Institute (SIPRI). Six of the top 10 largest arms importers...

New direction in India-China economic relationship

Last one decade has witnessed a remarkable turnaround in India-China economic relation. From a trickle US$2 billion in 2001, the combined trade volume between two Asian giants has galloped to US$70 billion. Experts believe the figure to touch US$100 billion by the end of next fiscal year. China has...

Is China Being Wooed by Fantasies of Western Acceptance?

In the area of finance and creation of new financial institutions much hope of many nations has been placed on China. Last year China played a catalytic role in helping establish a new BRICS Infrastructure Development Bank to finance infrastructure projects in select emerging economies. Soon after Beijing announced...

Iran oil exports hit two-year high

The latest market figures show that Iran's oil exports are on set to rise more than a fifth in January and February from last year's daily average. Figures on Iran's preliminary tanker loading schedules show that overall exports will total around 1.44 million barrels a day (bpd) in February and...

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